Jagex reports 28 per cent revenue increase

RuneScape developer Jagex has reported a record performance with a 28 per cent increase of revnues for 2016.

The Cambridge studio saw a new high of £74.4million revenues over the financial year ending 2016, a second successive year of growth.

Jagex is now part of Fukong Interactive Entertainment, previously named ZhongJi Holding. With the studio acting as the western arm of this games group. Jagex COO and acting CEO, Phil Mansell, said, "Flourishing under this new ownership, Jagex has increased funding toward in-house projects and is exploring opportunities to invest in complementary ventures."

The increase of revenue has been accredited to the investment and strengthening of its RuneScape IP, with both RuneScape and the Old School RuneScape MMORPGs performing well. "We will continue to invest in our live games," added Mansell, "which includes the introduction of Menaphos: The Golden City, the first in series of major expansions for RuneScape. We will also capitalise on Old School RuneScape’s increased popularity with content and marketing, including the expansion of its successful competitive gaming event programme."